Financial Advisor & Retirement Planning

Plan Sponsor Guide: Understanding 401(k) Loans

  • The recent enactment of the Tax Cuts and Jobs Act of 2017 (TCJA) makes changes to 401(k) loan repayment options, which should prompt plan sponsors and plan administrators to re-evaluate their existing loan program, processes and procedures.  This article will provide an overview of the loan provision and offer a list of considerations that plan sponsors can use when adding or modifying an existing loan feature to their plan. Although not required by law, many 401(k) plans offer a loan…

    The DOL Fiduciary Rule is Dead, but You’re Still a Fiduciary

  • On June 21, 2018, the 5th Circuit Court of Appeals vacated the requirements of the U.S. Department of Labor’s (DOL) Conflict of Interest Rule—more commonly referred to as the “DOL Fiduciary Rule”—thus killing the rule entirely. Despite this news, the death of the DOL Fiduciary Rule does not alleviate a plan sponsor from being a fiduciary when sponsoring an ERISA-covered retirement plan, such as a 401(k). The primary purpose of the DOL Fiduciary Rule was two-fold: 1) Broaden the existing…

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